cabogordon
88 posts
msg #76713
- Ignore cabogordon |
7/22/2009 12:20:10 AM
7/22/2009 12:18:42 AM
Its useing a simple: 50MA crossover above 200MA
** I believe the 50MA crossover above 200MA is considered amongst must traders as the one of the most powerful bull indicators , thats what led me to play around with it... worth mentioning , I back tested this strategy through Oct, Nov 08 and March lows of 09 and it worked 90% of the time.
Show stocks where MA(50) crossed above MA(200)
1. run scan
2.find stock with volume over 250k
3. stock must be above 5
4. stocks must have a percentage gain over 2-3%
5. this confirms crossover
6. wait for pullback the next day and enter trade
7. entry needs to be below day prior close
8. you need to use a 15 min real time chart to find entry. ( macd, rsi, stoch and linear regression should help you bottom )
9. once you enter look for a minimum of .50 before exiting ( once again use charts to find entry , 60 min chart )
Feedback welcomed / thanks guys.
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